<p><span>Good morning. Thank you, Bob [Zukis]. It is a pleasure to be here today, and I thank the Digital Directors Network for hosting this discussion about cybersecurity. This topic is so essential for the safety and resiliency of our capital markets.</span></p>
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very news worthy. it s very notable. and it comes at a time in which the president has attacked other political institutions. i was struck by something that his treasury secretary said in a bloomberg news print exclusive last week and that was that the financial stability oversight counsel is going to be investigating the volatility in the marketplace in the next year. that s something that really is interesting to have, particularly when a lot of the financial institutions are and should be independent. well, i want to do since you are alluding to steve mnuchin and his department, he did quote this. i totally disagree with fed policy. i think the increasing of interest rates and the shrinking of fed portfolio is a terrible thing to do at this time especially in light of the trade negotiations which are ongoing but i never suggested firing jay powell nor do i believe i have the right to do so.
deliberate act. the securities and exchange commission said it held a conference call with stock market officials soon after the nasdaq outage began and continued as nasdaq tried to work out the problem. an fbi spokesperson for the new york field office tells fbn they are aware of the issue and the nasdaq but have no further comment. treasury secretary jack lue is the chair of the financial stability oversight counsel, the dodd frank regulatory overhaul created the fsoc. lou is in lew is in silicon valley. we re monitoring very closely what he says about this. all the key economic authorities all the way up to the president of the united states have been briefed and continue to be briefed on what happened today.